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What is the IRA averaging method?

If you took a lump-sum distribution from a qualified retirement account and were born before January 2, 1936, you may be able to use a special formula to calculate how much you owe in taxes.

The method is called the 10-year tax option. Credit Karma Tax can help you find out if you qualify and run the numbers.

Still have questions? Contact member support

Continue your tax filing

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